Lakeside Turnkey Restaurant
For Sale
$130,000
503 Lakeville Road, Addison Township, MI 48367
Turnkey restaurant for sale on Lakeville Lake, including a liquor license and a fully equipped kitchen setup.
Property Size2,629 SF
Price / SF$49.45
Days on Market111
Property Features for 503 Lakeville Road
General Information
Standard status
Active
Size
2,629 SF
Property subtype
Commercial
Zoning
Commercial, Office
Lease Term
Cash, Conventional
Additional Details
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$7,586
Building Details
Building Size
2,629 SF
Year Built
1920
Stories
1
Listing Agency:
Brookstone, Realtors LLC
(734) 444-6868
Listed By:
Nahed Yousif
(734) 444-6868
Source:
Sabudarealty
Added: Apr 23
Changed: Aug 8
Last Checked: Aug 10 at 10:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brookstone, Realtors LLC
Investment Insights
Based on property information with market context.
This turnkey restaurant opportunity is offered for sale with an existing liquor license and a kitchen and operations setup designed for immediate use. The sale is described as fully equipped, including items such as a pizza oven, meat slicer, freezer, fridge, stove, and additional cooking and service equipment. A dedicated office area is included to support day-to-day operations.
The restaurant is located right on Lakeville Lake, with the seller noting that recent improvements were made to the store and inventory was restocked. The remarks also indicate rent is set to increase in April, which the seller highlights as part of the timing for this business opportunity.
The listing emphasizes a turnkey transition, with the sale presented as inclusive of inventory and the restaurant’s operating components, along with a ready-to-run equipment package.
The restaurant is located right on Lakeville Lake, with the seller noting that recent improvements were made to the store and inventory was restocked. The remarks also indicate rent is set to increase in April, which the seller highlights as part of the timing for this business opportunity.
The listing emphasizes a turnkey transition, with the sale presented as inclusive of inventory and the restaurant’s operating components, along with a ready-to-run equipment package.
Key Highlights
- Restaurant business on Lakeville Lake with liquor license included
- Fully equipped for operation with inventory valued above $100,000
- Kitchen includes pizza oven, meat slicer, freezer, fridge, stove, and more
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48367, MI
4,567
Population
1,652
Households
2.8
Avg Household Size
46
Median Age
38%
College-Educated
94%
High-School Grad
23.4 sq mi
ZIP Area
195
Density / Sq Mi
$104,000
Median Household Income
$42,241
Median Earnings
$1,133
Median Rent
$386,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant for sale on Lakeville Lake, including a liquor license and a fully equipped kitchen setup.
Where is this conventional restaurant located?
The property is located at 503 Lakeville Road Addison Township, MI.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Restaurant business on Lakeville Lake with liquor license included; Fully equipped for operation with inventory valued above $100,000; Kitchen includes pizza oven, meat slicer, freezer, fridge, stove, and more
